Digital Euro tested in France

Central Bank Digital currencies are gaining prominence across the globe with more than 70 countries studying it. Central Bank of France has recentely announced that it has launched a trial for digital Euro on the blockchain. The Central Bank tested a securities sale for central bank digital currency. 

The Central Bank of France did not go into further detail but did mention that the testing is on wholesale rather than retail use for a digital euro. A wholesale CBDC would be the province of banks and institutional players — as the French central bank says, “interbank regulations.”

This recent pilot of a securities issuance in exchange for a digital euro was based on software received following the bank’s March 27 call for applications.